January 3, 2023

The IMF’s leader has predicted that the global economic downturn would hit Thailand and the rest of Southeast Asia hard this year. Kristalina Georgieva predicts that one-third of the world’s economies will be in recession this year. This would include Thailand and Vietnam. With the United States, European Union, and China all experiencing economic slowdowns in 2023, the 69-year-old Bulgarian economist predicts that next year will be “tougher” than the previous one. Russia and Ukraine’s crisis, increasing costs, rising interest rates, and the spread of Covid-19 in China all weigh on the global economy, leading to this forecast. According to